By Wyatt Earp | September 2, 2011
Apparently, the folks who referred to the president as a “Zero” were right on the mark, as August saw zero jobs created!
The US economy created no jobs and the unemployment rate held steadily higher at 9.1 percent in August, fueling concerns that the US is heading for another recession.
It was the first time since World War II that the economy had a net zero jobs created for a month.
Economists had been expecting the report to show a net of 75,000 jobs created, an unusually low number considering the US is technically more than two years removed from the end of the last recession.
There’s no need to worry, though, because President Obama is expected to solve this problem with yet another speech. This one will address “job creation” and is set for Thursday – the same day the NFL opens its season. Mr. President, since no one will see that speech, allow me to offer a suggestion; the best way to stimulate job creation is to get government out of the way.